Thursday, 25 August 2011

Steve Jobs steps down as CEO of Apple

Yes, I am right, previous CEO of Apple – Steve Jobs has stepped down from the CEO and has become the Chairman of Apple Inc. His place has been take by Apple CEO Tim Cook. This decision by Steve Jobs could be the decision as a result of his medical problems because of which he had took a medical leave from Apple.
All the Apple fans including me have been shocked by the news.
Following is the resignation letter by Steve Jobs:
To the Apple Board of Directors and the Apple Community:
I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let you know. Unfortunately, that day has come.
I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.
As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.
I believe Apple's brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.
I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.
Many people have been telling me that this is the end of the great era of Apple, but no my friends, Apple isn’t going to change. Following is a part of the e-mail sent by Tim Cook to his employees clarifying that Apple will not change:
I want you to be confident that Apple is not going to change. I cherish and celebrate Apple's unique principles and values. Steve built a company and culture that is unlike any other in the world and we are going to stay true to that—it is in our DNA. We are going to continue to make the best products in the world that delight our customers and make our employees incredibly proud of what they do.
I am sure that Tim Cook will drive the company to great success. Tim Cook, 50, joined Apple in 1998 as a senior vice president of worldwide operations and was promoted to chief operating officer in 2004. Before joining Apple, Cook briefly served as an executive at Compaq and spent 12 years at IBM, where he ran manufacturing and operations for the company's PC business. Cook earned a bachelor's degree in industrial engineering from Auburn University and an MBA from Duke.
Tim had given the brilliant idea that Apple should close their overseas factories and give that work to third party manufacturers.
This change was being expected by everyone since a few months and now it’s real. I wished Steve Jobs remained the CEO but I am also happy with the current CEO, Tim Cook.
What are your thought about Steve Jobs resigning as Apple CEO? Drop a line in the comments below!